Misleading statements and/or failed to disclose that: (i) Legacy Purchased or otherwise acquired Stem securities: (a) pursuantĪnd/or traceable to certain documents issued in connection with theīy and among the Company, STPK Merger Sub Corp., and Stem, Inc., aĭuring the class period, Defendants issued materially false and/or Appointment as lead plaintiff is notĬLASS PERIOD: This lawsuit is on behalf of a classĬonsisting of all persons and entities other than defendants that Period listed are encouraged to contact the firm regarding possible Shareholders who purchased shares of STEM during the class Prior results do not guarantee a similar outcome.Gross Law Firm issues the following notice to shareholders Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.įollow us for updates on LinkedIn:, on Twitter: or on Facebook. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. In 2019 alone the firm secured over $438 million for investors. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Many of these firms do not actually litigate securities class actions. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. On this news, the price of Wiley Class A stock price declined by $7.55, or 17.35%, to close at $35.96 per share on March 9, 2023. prior year, offsetting growth in other open access publishing programs." As a result, Hindawi revenue declined $9 million vs. The program was suspended temporarily due to the presence in certain special issues of compromised articles. The Company's CEO stated "Our third quarter results and revised full year outlook are clearly below our expectations" and "While our core business and markets are strong, we've been challenged this year by unpredictable market headwinds and an unplanned publishing pause at Hindawi." It was further announced that "Research was down 4% as reported, or down 2% at constant currency and excluding acquisitions, primarily due to a pause in the Hindawi special issues publishing program. WHAT IS THIS ABOUT: On March 9, 2023, Wiley announced its Q3 2023 financial results, in which it disclosed issues at Hindawi, one of its subsidiaries. toll-free at 86 or email or for information on the class action. WHAT TO DO NEXT: To join the prospective class action, go to or call Phillip Kim, Esq. The Rosen Law Firm is preparing a class action seeking recovery of investor losses. SO WHAT: If you purchased Wiley securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. (NYSE: WLY, WLYB) resulting from allegations that Wiley may have issued materially misleading business information to the investing public. WHY: New York, NY - ( NewMediaWire) - JRosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of John Wiley & Sons, Inc.
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